Amendment Number One to Security Agreement by and among Lattice Incorporated, Lattice Government Services, Inc., and I. Wistar Morris

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Summary

This amendment updates a previous security agreement between Lattice Incorporated, Lattice Government Services, Inc., and I. Wistar Morris. The main change is the replacement of Exhibit A, which lists the specific collateral covered by the agreement. The collateral includes all accounts, accounts receivable, deposit accounts, and related proceeds of Lattice Government Services, Inc. The amendment is effective as of July 21, 2010, and is signed by representatives of all parties.

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EX-10.29 6 ex10-29.htm EXHIBIT 10.29 ex10-29.htm
Exhibit 10.29
 
Amendment Number One to Security Agreement
 
This Amendment Number One (“Amendment”) to Security Agreement is by and between Lattice, Incorporated, Lattice Government Services, Inc. and I. Wistar Morris (collectively the “Parties”).
 
Background
 
The Parties are parties to a certain Security Agreement dated June 11, 2010 (“Security Agreement”). All terms not otherwise defined in this Amendment shall be as defined in the Security Agreement.
 
The Parties wish to amend Paragraph 1 of the Security Agreement by substituting a new Exhibit “A” to the Security Agreement.
 
NOW THEREFORE THE PARTIES, intending to be legally bound hereby, agree as follows:
 
Paragraph 1 of the Security Agreement is hereby amended to read as follows:
 
 
1.
LGS hereby grants to Secured Party a continuing lien on and security interest in the following property of LGS, all whether now owned or hereafter created, arising or acquired (hereinafter referred to as “Collateral”): All accounts, accounts receivable and deposit accounts and all cash and non-cash proceeds related to the accounts receivable set forth on attached Exhibit “A”.
 
IN WITNESS WHEREOF, the Parties have executed this Amendment as of the 21 day of July, 2010.
 
 
DEBTORS
     
 
LATTICE INCORPORATED
     
 
By:
 /s/ Paul Burgess
  Name:  Paul Burgess
  Title: CEO
 
 
LATTICE GOVERNMENT SERVICES, INC.
     
 
By:
 /s/ Kenneth E. Kazier
  Name:  Kenneth E. Kazier 
  Title:  President
 
 
SECURED PARTY
   
 
I. WISTAR MORRIS
     
    /s/ I. Wistar Morris
 
 
 
 
 
Exhibit “A”
 
 
 
 
 
[Redacted - Confidential]